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Author: National Research Council Publisher: National Academies Press ISBN: 0309101433 Category : Science Languages : en Pages : 60
Book Description
Recent events and analyses have suggested that global production of oil might peak sometime within the next few years to the next one or two decades. Other analyses, however, conclude that oil supply can meet global demand for some decades to come and that oil production peaking is much further off. To explore this issue, the NRC held a workshop, funded by the Department of Energy, bringing together analysts representing these different views. The workshop was divided into four main sessions: setting the stage; future global oil supply and demand balance; mitigation options and time to implementation; and potential follow-up activities. This report provides a summary of the workshop including the key points, issues and questions raised by the participants, and it identifies possible topics for follow-up studies. No consensus views, conclusions, or recommendations are presented.
Author: National Research Council Publisher: National Academies Press ISBN: 0309101433 Category : Science Languages : en Pages : 60
Book Description
Recent events and analyses have suggested that global production of oil might peak sometime within the next few years to the next one or two decades. Other analyses, however, conclude that oil supply can meet global demand for some decades to come and that oil production peaking is much further off. To explore this issue, the NRC held a workshop, funded by the Department of Energy, bringing together analysts representing these different views. The workshop was divided into four main sessions: setting the stage; future global oil supply and demand balance; mitigation options and time to implementation; and potential follow-up activities. This report provides a summary of the workshop including the key points, issues and questions raised by the participants, and it identifies possible topics for follow-up studies. No consensus views, conclusions, or recommendations are presented.
Author: Robert Louis Hirsch Publisher: Nova Science Publishers ISBN: Category : Business & Economics Languages : en Pages : 126
Book Description
The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. Dealing with world oil production peaking will be extremely complex, involve literally trillions of dollars and require many years of intense effort. To explore these complexities, three alternative mitigation scenarios are analysed: scenario I assumes that action is not initiated until peaking occurs; scenario II assumes that action is initiated 10 years before peaking; scenario III assumes action is initiated 20 years before peaking. For this analysis estimates of the possible contributions of each mitigation option were developed, based on an assumed crash program rate of implementation.
Author: U. S Department of Energy Publisher: Createspace Independent Pub ISBN: 9781482614312 Category : Science Languages : en Pages : 92
Book Description
The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. In 2003, the world consumed just under 80 million barrels per day (MM bpd) of oil. U.S. consumption was almost 20 MM bpd, two-thirds of which was in the transportation sector. The U.S. has a fleet of about 210 million automobiles and light trucks (vans, pick-ups, and SUVs). The average age of U.S. automobiles is nine years. Under normal conditions, replacement of only half the automobile fleet will require 10-15 years. The average age of light trucks is seven years. Under normal conditions, replacement of one-half of the stock of light trucks will require 9-14 years. While significant improvements in fuel efficiency are possible in automobiles and light trucks, any affordable approach to upgrading will be inherently time-consuming, requiring more than a decade to achieve significant overall fuel efficiency improvement. Besides further oil exploration, there are commercial options for increasing world oil supply and for the production of substitute liquid fuels: 1) Improved Oil Recovery (IOR) can marginally increase production from existing reservoirs; one of the largest of the IOR opportunities is Enhanced Oil Recovery (EOR), which can help moderate oil production declines from reservoirs that are past their peak production: 2) Heavy oil / oil sands represents a large resource of lower grade oils, now primarily produced in Canada and Venezuela; those resources are capable of significant production increases;. 3) Coal liquefaction is a well-established technique for producing clean substitute fuels from the world's abundant coal reserves; and finally, 4) Clean substitute fuels can be produced from remotely located natural gas, but exploitation must compete with the world's growing demand for liquefied natural gas. However, world-scale contributions from these options will require 10-20 years of accelerated effort. Dealing with world oil production peaking will be extremely complex, involve literally trillions of dollars and require many years of intense effort. To explore these complexities, three alternative mitigation scenarios were analyzed: Scenario I assumed that action is not initiated until peaking occurs. Scenario II assumed that action is initiated 10 years before peaking. Scenario III assumed action is initiated 20 years before peaking. For this analysis estimates of the possible contributions of each mitigation option were developed, based on an assumed crash program rate of implementation. Our approach was simplified in order to provide transparency and promote understanding. Our estimates are approximate, but the mitigation envelope that results is believed to be directionally indicative of the realities of such an enormous undertaking. The inescapable conclusion is that more than a decade will be required for the collective contributions to produce results that significantly impact world supply and demand for liquid fuels.
Author: Jim Wells Publisher: DIANE Publishing ISBN: 9781422315767 Category : Languages : en Pages : 82
Book Description
The U.S. economy depends heavily on oil, particularly in the transportation sector. World oil production has been running at near capacity to meet demand, pushing prices upward. Concerns about meeting increasing demand with finite resources have renewed interest in an old question: How long can the oil supply expand before reaching a maximum level of production -- a peak -- from which it can only decline? The author: (1) examined when oil production could peak; (2) assessed the potential for transportation technologies to mitigate the consequences of a peak in oil production; & (3) examined fed. agency efforts that could reduce uncertainty about the timing of a peak or mitigate the consequences. Includes recommendations. Charts & tables.
Author: Brian Hicks Publisher: John Wiley & Sons ISBN: 0470280174 Category : Business & Economics Languages : en Pages : 306
Book Description
Profit from the Peak contains the information you need to successfully navigate the end of our oil-based economy. It takes a hard look at the future of oil and gas, examines how you can effectively invest in these resources, and profit from energy alternatives that are poised to power the years ahead. Along the way, this book also explores the potential, and possible limitations, of each major energy source, while carefully cover the investing angles of each one.
Author: Kevin Edward McCarthy Publisher: ISBN: Category : Administrative agencies Languages : en Pages :
Book Description
Discusses legislative options for addressing the possibility of "peak oil", i.e., global production of conventional oil peaking and falling short of global demand in the relatively near future, leading to substantially higher prices and supply disruptions.
Author: U.S. Government Accountability Office Publisher: Cosimo, Inc. ISBN: 1602067376 Category : Political Science Languages : en Pages : 90
Book Description
Planet Earth's oil is going to run out, and soon. There is no serious debate on the matter, and this sober report, by the U.S. Government Accountability Office, baldly lays out how critical the problem is. Oil production has, without question, already peaked and in decline in the U.S. and all over areas of the globe outside the Middle East... and just how much oil is left in that powder keg region is unknown. How will an increasingly industrialized-and hence energy-hungry-world meet its energy needs over the coming decades? The comprehensive 2007 report examines key Peak Oil studies to determine how long we might have before the oil supply goes into serious decline, and then explores key technologies to enhance that supply, including ultra-deep water drilling and oil shale, as well as key technologies that could displace oil consumption in the transportation sector, from ethanol and biodiesel to hydrogen cells. This is vital reading for anyone who wants to remain informed on one of the most pressing political and technological issues of our time. The GOVERNMENT ACCOUNTABILITY OFFICE was established in 1921 as the audit, evaluation, and investigative arm of the United States Congress.
Author: National Research Council
Author: National Research Council
Author: 
Author: Robert Louis Hirsch
Author: U. S Department of Energy
Author: Jim Wells
Author: Bilaal Abdullah
Author: 
Author: Brian Hicks
Author: Kevin Edward McCarthy
Author: U.S. Government Accountability Office